easyJet (LON:EZJ) Trading 10.6% Higher – Should You Buy?

easyJet plc (LON:EZJ) shares shot up 10.6% during mid-day trading on Monday . The stock traded as high as GBX 447.80 and last traded at GBX 440.30. 908,451,438 shares changed hands during trading, an increase of 2,031% from the average session volume of 42,625,742 shares. The stock had previously closed at GBX 398.

Analyst Ratings Changes

Several brokerages have recently issued reports on EZJ. Deutsche Bank Aktiengesellschaft reduced their price target on shares of easyJet from GBX 465 to GBX 340 and set a “sell” rating for the company in a report on Thursday, March 19th. Citigroup reduced their price target on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a report on Monday, February 2nd. Royal Bank Of Canada reduced their price target on shares of easyJet from GBX 415 to GBX 405 and set an “outperform” rating for the company in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a report on Wednesday, April 15th. Finally, UBS Group reissued a “buy” rating and set a GBX 635 price target on shares of easyJet in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, easyJet presently has a consensus rating of “Hold” and an average price target of GBX 550.

easyJet Trading Up 10.6%

The business’s 50 day moving average is GBX 364.65 and its two-hundred day moving average is GBX 436.30. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36. The firm has a market capitalization of £3.29 billion, a P/E ratio of 6.81, a PEG ratio of 0.59 and a beta of 1.71.

easyJet (LON:EZJ) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The company had revenue of GBX 395 million for the quarter. Analysts expect that easyJet plc will post 67.3369565 EPS for the current year.

easyJet Company Profile

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.